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AN ORDINANCE AUTHORIZING THE CITY OF JONESBORO TO AMEND THE 2018 BUDGET FOR THE 2018 OUTDOOR RECREATION MATCHING GRANT FUNDING THE CRAIGHEAD FOREST PUMP TRACK
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WHEREAS, the City of Jonesboro passed Resolution Number 17:201 on January 18, 2018 for the execution of the 2018 Outdoor Recreation Matching Grant; and
WHEREAS, the City of Jonesboro passed the 2018 Budget in Ordinance Number 17:087, which will need to be amended in order to effectuate said change in the Federal Funds Fund budget and Capital Improvement Fund Budget for the 2018 Outdoor Recreation Matching Grant funding the Craighead Forest Pump Track; and
WHEREAS, the budgeted expenditure increases will consist of the following:
09-925-0232-00 Fixed Assets 89,203.50
09-925-0253-00 Land and Improvements 6,000.00
09-925-0232-01 Minor Equipment and Furniture 1,750.00
09-925-0217-00 Professional Services 2,011.50
07-123-2300-04 Grants Match - CFP Pump Track 98,965.00
WHEREAS, the budgeted revenue increases will consist of the following:
09-925-0659-00 Federal Funding - DOI 98,965.00
WHEREAS, the funds for the 50% Match in the Capital Improvement Fund Budget shall come from excess reserves in the General Fund.
NOW THEREFORE, BE IT ORDAINED by the City Council of Jonesboro, Arkansas that:
SECTION 1: The 2018 Budget is hereby amended to provide an increase in the Federal Funds Budget and the Capital Improvement Fund Budget for the 2018 Outdoor Recreation Matching Grant.
PASSED AND APPROVED this 20th day of February, 2018.